Passorn Koh Kaew

Passorn Koh Kaew is a completed residential community developed by Pruksa Real Estate and delivered in 2017, situated in Phuket Town, the administrative and commercial hub of the island. The project spans 47,948 square meters and comprises 161 standalone houses, positioning it as a substantial middle-market housing venture within the local residential segment rather than targeting the transient tourist demographic.

The architecture and layout reflect the mid-2010s Thai residential standard, with each unit built as a detached or semi-detached house structure. Amenities include a communal swimming pool, gymnasium, 24-hour security staffing, and closed-circuit video surveillance across the perimeter and common areas. These facilities address the baseline expectations of buyer-occupant households seeking community infrastructure without premium resort-style finishes.

Phuket Town itself functions as the commercial and administrative core of Phuket Province, hosting government offices, provincial markets, local schools, and routine commercial activity. It remains distinct from the island's resort and tourism-centric beach zones such as Patong and Karon, which operate on different supply-and-demand dynamics. Real estate in Phuket Town gravitates toward owner-occupant buyers, Thai nationals seeking proximity to employment and services, and investors targeting long-term residential rental yields.

Current market availability shows limited activity, with one property listed at approximately 10 million baht, suggesting either strong absorption since 2017 or limited secondary-market fluidity for units in this category. The seven-year-plus hold period indicates this project has matured past the initial sales phase and now represents the rental and resale market.

For investors, Phuket Town properties like Passorn Koh Kaew align primarily with long-term rental strategy (LTR) rather than short-term tourism lets, with tenant demand driven by local employment, education, and family relocation rather than seasonal tourism fluctuations. Lease yields in this zone typically range between 4-6 percent gross rental, dependent on property condition and tenant profile. Thai nationals maintain favorable ownership privileges here, whereas foreign buyers should verify ownership transfer regulations and freehold eligibility specific to this development.